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Sugi Holdings Co ( (JP:7649) ) has shared an announcement.
Sugi Holdings Co., Ltd. announced an absorption-type merger where Sugi Pharmacy Co., Ltd., a consolidated subsidiary, will absorb I&H Co., Ltd. This merger aims to enhance cooperation within the group and achieve synergy effects, improving productivity and corporate value. The merger is part of Sugi Holdings’ strategy to strengthen its position in the healthcare market, particularly in preventive medicine and specialty pharmaceuticals, without materially affecting the company’s consolidated results.
More about Sugi Holdings Co
Sugi Holdings Co., Ltd. operates in the healthcare industry with a focus on drugstores and dispensaries. The company is implementing a ‘total healthcare strategy’ aimed at promoting health and well-being, and plans to achieve significant growth in the healthcare field. Sugi Holdings has become a leading healthcare group with over 2,100 drugstores and dispensaries across Japan.
YTD Price Performance: 13.75%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.32B
For detailed information about 7649 stock, go to TipRanks’ Stock Analysis page.
